Filing Flows › Build-A-Bear Workshop (BBW) › Q1 FY26
Build-A-Bear Workshop (BBW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 12, 2025
Build-A-Bear Workshop (BBW) reported revenue of $128M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -15% from the quarter before. Operating margin was 15.3%, net earnings $15.3M (11.9% of revenue).
Build-A-Bear Workshop, Q1 FY26: revenue $128M (+12% year over year), operating margin 15.3%, net earnings $15.3M, operating cash flow $27.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $128M | -15% | +12% |
| Gross profit | $73.0M | -14% | +17% |
| Operating profit | $19.6M | -29% | +31% |
| Net earnings | $15.3M | -29% | +34% |
| Operating cash flow | $27.8M | +42% | +168% |
| Free cash flow | $24.9M | +155% | +214% |
What changed
Revenue was $128.4M in Q1 FY26, up 12% year over year and down 15% from the previous quarter. Retail was the largest line at 93% of revenue. Retail added $11.7M year over year (up 11%), 86% of the total change.
Gross margin was 56.8%, up 2.7 points from a year earlier. Operating profit was $19.6M, a 15.3% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 13% margin then. Operating expenses grew 13% against revenue growth of 12%. Net earnings were $15.3M, up 34% year over year. The effective tax rate was 22.0%.
Operating cash flow was $27.8M (up 168% year over year), 181% of net earnings. Non-cash charges added back $3.7M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $2.9M left free cash flow of $24.9M.
Questions
What was Build-A-Bear Workshop's revenue in the first quarter fiscal 2026?
Build-A-Bear Workshop (BBW) reported revenue of $128M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -15% from the quarter before.
Was Build-A-Bear Workshop profitable in the first quarter fiscal 2026?
Operating profit was $19.6M (15.3% of revenue) and net earnings $15.3M.